Episode 24: Side Hustles

Extra jobs, gigs, supplemental income, passive income – however you want to define – we’re all talking the same thing: side hustles. While it’s not necessary to have a side hustle to be frugal, they can certainly help in the “debt-pay-off-and-other-financial-goals” journey! In this episode we look at the most (and least) lucrative side hustles, discuss realistic expectations, things to consider when taking on extra work, and our own experiences with side hustles. Having more money would be great, but how do we do this with the least amount of time investment, and the highest financial return? Listen in!

Sponsors:

CookSmarts: Not an official sponsor, but we like them! It’s a meal planning service that provides recipes, instructions, weekend prep options, and a shopping list for 4 meals per week, with dietary adjustments to meet your needs. They are offering 3 free weeks of meal plans if you sign up at frugalfriendspodcast.com/cs

Time Management: We all only get 24 hours in a day, but planning how to spend those hours is the difference between getting nothing done and getting something done. It’s the best way to feel accomplished – and make room for that amazing side hustle! Time management. If you didn’t learn it when you were 10, try it now!

Notable Notes:

What the Internet has to say:

This article from Market Watch gives the most (and least) lucrative side hustles. Complete with charts, and visuals it is easy to see what jobs require the least amount of work for the biggest financial pay-off.

What Jen and Jill have to say:

We agree with selling/renting property as the most lucrative side-hustle. Jen has had great success with renting a room in her home on Airbnb, it is not a big time commitment but provides a great payoff!

Selling crafts is so labor intensive, with such low financial return that you might as well get a part time job at Trader Joe’s instead

Biggest key is ENJOYING your side hustle

A few resources for getting your feet wet with a side hustle include:

TaskRabbit allows users to advertise skills like building furniture or moving boxes

Fiverr connects people with freelance work such as resume writing or translation starting at $5 per job